this post was submitted on 13 Jun 2024
620 points (98.4% liked)
Technology
59534 readers
3195 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I've heard that some versions of the Blockchain are not based on computing power and therefore are not nearly as awful re: emissions. But I don't really know much about it so I decided to look into Odysee.
Instead I found out all about how the company that created the protocol was blasted out of existence by the SEC for selling unregistered securities & the website is full of Nazis because they don't do anything about fucking Nazis.
Never did reach a conclusion about the blockchain thing. Kinda stopped caring. Sounds like a clusterfuck.
Proof of stake is what it's called, but then it's even more of a ponzi scheme because you have to buy in. Like they're literally recreating coconut island.
Also nobody seems to actually be doing it, possibly for exactly that reason. It's just a green-washing promise of an idea.
Federation and crypto are two completely opposite philosophies of decentralisation.
Crypto is based on zero-trust, which sounds cool and edgy if you're 15, but in practice it turns out that the people drawn to a zero trust system are untrustworthy. It's not surprising that it's full of Nazis.
Federation is designed around trust, which is the way our meatspace social networks actually work, and I think it's the only reasonable way forward.